It’s crunch time for American Apparel Inc., as the cash-poor retailer of trendy tights and T-shirts faces two key financial deadlines this month.
Following an expensive refinancing in December, American Apparel must raise $16 million in new financing by Friday in order to avoid issuing warrants for two million shares to lender SOF Investments, to which it owes $51 million. American Apparel already issued warrants for one millions shares to SOF in December, plus fees of $2.6 million, under terms of its refinancing.
Steve Aoki held a presentation, a runway show and outdoor concert for his men's line Dim Mak. Here's a look from his spring 2018 collection, which was titled "Paradise Found." #wwdfashion #wwdmens (📷: George Chinsee)
"It's really hard sometimes. I think I have a reputation for being really tough and aggressive and pushy but I really am a very shy person who wants to be liked, and that's the conflict constantly. There's something that takes hold - I want people to like me, I don't want to be mean - but if I see something that just cries out to be answered, I go for it," says renowned NBC News correspondent Andrea Mitchell. (📷: @axeldupeux)